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President Nguyen Xuan Phuc (centre) and other delegates cut the ribbon to open the Tan Thuan CMC Data Centre on Monday. — VNA/VNS Photo The Tan Thuan CMC Data Centre, considered the most modern and safest data centre and cloud computing infrastructure facility in Viet Nam, officially opened on Monday. With investment of VND1.5 trillion (US$64 million) from the CMC technology group, the centre covers 13,000 sq.m at Tan Thuan Export Processing Zone in District 7, HCM City. It was designed by B-Barcelona of Singapore and meets strict international standards for a modern data centre. Addressing the opening ceremony, President Nguyen Xuan Phuc repeated the goal of developing HCM City into a high-quality service, modern technology, and advanced cultural hub that can take the lead in developing the digital economy and society. To that end, the direct engagement of strong, visionary and enthusiastic tech companies like CMC was highly important, he said, calling on businesses to … [Read more...] about Leading data centre opens in Viet Nam

Leaders of the military-owned Viettel Group made the proposal at a Tuesday meeting with Prime Minister Pham Minh Chinh. The proposal was made in the context of the recent global chip shortage, which has seriously affected many manufacturing sectors and business areas, prompting several countries to promote chip production as a national security measure. In this context, the group also asked to be assigned the tasks of ensuring national defense and security, promoting its strengths and demonstrating the pioneering role of state-owned companies in the fields of high-tech defense, construction and cyber security and safety. Viettel said it wanted to deploy a national digital conversion platform, and work as an intermediary for financial switching services and electronic clearing services to facilitate transfer of funds from one bank account to another. The group also wanted permission to research green energy technology and modernize important infrastructure in the field of … [Read more...] about Viettel to produce chips amidst global shortage

An overview of the conference. — VNA/VNS Photo More than 100 businesses and 43 investors of industrial clusters and nearly 20 commercial banks participated in a conference to connect local firms in Ha Noi with commercial banks and the Ha Noi Development Investment Fund (HANIF). The event, launched on August 15, was jointly held by the city's Department of Industry and Trade, the Ha Noi Branch of the State Bank of Vietnam, and the Ha Noi Association of Main Industrial Products (HAMI). Addressing the event, Tran Thi Lan Phuong, Acting Director of the Ha Noi Department of Industry and Trade, said that the conference aimed to provide a chance for banks and investment funds to introduce soft loans and support programmes to businesses, helping them overcome difficulties and develop. In order to launch infrastructure projects in industrial parks and clusters in the city, the Ha Noi Department of Industry and Trade suggested that businesses should coordinate closely with credit … [Read more...] about Ha Noi connects commercial banks with local businesses

Illustrative image. (Photo: SGGP) In mid-August, preparation activities for the new school year contributed to an increase in the consumer price index (CPI) in the third quarter, helping to keep a strong and stable growth in the service and retail sales sectors of Ho Chi Minh City. The policy of not increasing hospital fees and tuitions until the end of 2022, even becoming a pioneer in supporting and implementing the proposal of the Ministry of Education and Training in exempting and reducing tuitions, is an important orientation. On the one hand, the city strives to achieve the key goal of stabilizing the CPI. On the other hand, it strengthens the price stabilization of goods for the new school year and essential items of the food and foodstuff group as a practical move to share the burden with people and parents. The total retail sales of consumer goods and services in the city in July increased by 1.4 percent compared to the previous month and 139.8 percent compared to the … [Read more...] about HCMC with upward, downward trends

Strategically located on ​​a 4.17ha land plot in Minh Quang Industrial Park, My Hao commune, Hung Yen province , the project is easily accessible to the National Highway No.5A, Haiphong Port, and Noi Bai International Airport, facilitating the import and export of goods. This location is also close to successful industrial parks in Pho Noi and Yen My districts, Hung Yen. Upon completion by the first quarter of 2023, VLI Hung Yen will feature 29,000 square metres of Grade A warehouses with modern standards. At the groundbreaking ceremony, Alex Lin, co-founder of Skymont Capital said, “VLI Hung Yen marks a new milestone for us in the Vietnamese industrial warehouse market, representing our commitment to our investors, partners, customers, and local authorities in developing world-class industrial warehouses in Vietnam.” The future VLI Hung Yen This company has also officially appointed CBRE Vietnam to become the exclusive marketing and leasing consultant … [Read more...] about Vietlog Industrial breaks ground on flagship warehouse in Hung Yen

Japfa Comfeed Vietnam Ltd., (Japfa Vietnam), a leading animal feed producer in the market, is running a system of six modern plants across the country. All the large-scale facilities, with lots of clean and green scenery, use state-of-the-art technology and automated production lines. The Japfa factory in Hoa Binh province, covering 56,000 square meters, has an annual capacity of 420,000 tonnes. With more than 25 years of operating in Vietnam, Japfa has established its footprint as a leading animal feed manufacturer in the market. The company’s six plants in the provinces of Vinh Phuc, Hoa Binh, Thai Binh, Binh Dinh, Binh Thuan, and Long An supply almost 1.5 million tons of products annually. As Vietnam is one of Japfa’s three key Asian markets, the major firm has made significant investments in the six Vietnamese production facilities, equipping them with world-class technology and automated production lines to maximise productivity and cost-effectiveness. According to … [Read more...] about Japfa Vietnam operates modern, green feed factories chain

Japfa Comfeed Vietnam Ltd., a leading animal feed producer in the market, is running a system of six modern plants across the country. The Japfa factory in Hoa Binh province, covering 56,000 square metres, has an annual capacity of 420,000 tonnes Automated production lines with advanced technology With more than 25 years of operating in Vietnam, Japfa has established its footprint as a leading animal feed manufacturer in the market. The company’s six plants in the provinces of Vinh Phuc, Hoa Binh, Thai Binh, Binh Dinh, Binh Thuan, and Long An supply almost 1.5 million tonnes of products per year. As Vietnam is one of Japfa’s three key Asian markets, the major firm has made large investments into the six Vietnamese production facilities, equipping them with world-class technology and automated production lines to maximise productivity and cost-effectiveness. According to the company, all production lines and technology used at the factories are European imports. … [Read more...] about Japfa Vietnam pioneers modern, green feed factories chain

All 30 districts citywide can develop cultural industry, making it a spearhead economic sector by 2030. All parts of Hanoi are able to develop cultural industry regardless of economic growth and geographic differences, a municipal leader has said while stressing the importance of culture in the city’s development. Deputy Secretary of the Hanoi Party Committee Nguyen Van Phong at the conference held on August 16. Photos: Lai Tan/The Hanoi Times Deputy Secretary of the Hanoi Party Committee Nguyen Van Phong said at a conference held on August 16 which draw the participation of the central and municipal high-ranking leaders and more than 26,000 grassroots staff. Phong said the starting point is not an important factor in deciding whether to develop a culture or not. He argued that cultural industry does not depend on countries’ development levels. As such, any country can develop a cultural industry. “Hanoi has a lot of potential for this field, all … [Read more...] about Cultural industry designed as spearhead economic sector of Hanoi

The center will provide logistics and e-commerce services in the capital city and the northern region of Vietnam. A transportation and logistics center and a cross belt automatic sorting system were launched by Vietnam Post on August 15 in Me Linh District, on the outskirts of Hanoi. Vietnam Post's cross belt automatic sorting system. Photo: Vietnam Post The 28,000 m2 center is expected to facilitate goods circulation as well as international mail and postal shipment exchange for 21 northern provinces and cities. This is an important infrastructure in providing logistics and e-commerce services in the Northern region and Hanoi, meeting the needs of Vietnam Post, the Vietnamese postal service provider, and the diverse requirements of customers in the context of the growing e-commerce scene. The cross belt automatic sorting system at the center ha s a capacity of more than 24,000 packages per hour. With the application of artificial intelligence, the … [Read more...] about Hanoi has new transportation and logistics center

Submitting the draft revised law, Minister of Industry and Trade Nguyen Hong Dien said the amendments aim to protect consumer rights, address shortcomings in the 2010 law, and help improve people’s quality of life and boost socio-economic development. He noted the draft, consisting of seven chapters with 80 articles, is based on the fundamental articles of the current law and conforms with the existing legal system as well as international treaties to which Vietnam is a party. Presenting a verification report, Le Quang Huy, Chairman of the N.A.’s Committee for Science, Technology and Environment, agreed on the need to revise the law, noting it is necessary to pay attention to growing new models of business and consumption, the protection of human rights under the Constitution 2013, coordination among authorities and the engagement of private parties in protecting consumers, along with rising violations of consumer rights. At the meeting, participants said after 12 years of … [Read more...] about N.A. Standing Committee discusses revisions to consumer protection law